CSRC Approves ZCE Introducing Overseas Traders To PTA Futures Trading

Market News

CSRC Approves ZCE Introducing Overseas Traders To PTA Futures Trading

China Securities Regulatory Commission (CSRC) has approved Zhengzhou Commodity Exchange to introduce overseas traders to PTA futures trading, which will start from 09:00 A.M., November 30, 2018. The trade contract is TA1905, TA1906, TA1907, TA1908, TA1909, TA1910, TA1911 and later listing contracts. Since the beginning of this year, China's futures market has actively responded to the opening policy of the national financial industry. It has launched the international business of crude oil futures at the Shanghai International Energy Exchange and launched the international business of iron ore futures on the Dalian Commodity Exchange, allowing foreign investors to directly invest. After the international listing of PTA futures at Zhengzhou Commodity Exchange, PTA futures will be the third futures variety open to overseas players. China is the biggest PTA producer, consumer and importer in the world, and PTA futures is the world unique polyester product type futures. The internationalisation of PTA futures will further improve the international representative of PTA futures at Zhengzhou Commodity Exchange and help "China Price" play a bigger role in global polyester industrial chain.